Oaktree Capital 6.625% Series A Preferred Units

By: ,

Date Issued   5/10/2018

Shares Issued   7,200,000   Overallotment  1,080,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   OAK-A   OTC Grey Market   OKTRU

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December starting  9/15/2018

Quarterly Dividend   .414   Annual Dividend   1.656

Securities may be redeemed, at the issuers option, as early as 06/15/2023 for a redemption price of $25/share plus accrued dividends.

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Dividend Payment Will Likely be a Non Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for Oaktree Capital

Click Here to find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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